Comparative Performance of Selected Stock Markets – November 2019

The performance of November was positive for most selected markets during which 10 markets achieved gains and 4 markets were losers. The outcome of the performance in the eleven months of this year was 12 markets as gainers compared with their price levels since the beginning of the year while two markets were losers.

The biggest gainer in November was the US market whose index gained 3.72% in one month raising its gains from the beginning of this year to around 20.3% by the end of November and thus has become the third-best performing market since the beginning of the year. The second-biggest gainer was the Kuwaiti market with gains of around 3.69% in November, shifting from the seventh place at the end of October to the fourth place at the end of November among the largest profitable markets in their performance since the beginning of the year with about 16.7% gains. The French market was the third biggest gainer by 3.1% which became the second best performer since the beginning of the year with about 24.8% gain for its index.The biggest loser in November was Dubai Market as its index lost about -2.5%, and its gains decreased from the beginning of the year to about 5.9% by the end of November. The Chinese market achieved the second biggest losses in November and its index lost -1.9% and its gains since the beginning of the year have fallen from around 17.4% at the end of October to 15.2% by the end of November and occupied the sixth place. As such, it has been outside the top three positions for the first time since the beginning of the year compared to the performance of the sample markets. Two Gulf stock exchange s are the two remaining losers in November: Abu Dhabi lost -1.5% and Qatar lost -0.4%.In terms of ranking markets performance since the beginning of the year, the German market took the lead in gains with a rise of about 25.4%, followed by both the French market and then the US market in terms of gains as mentioned. In the Gulf region, Boursa Kuwait remained at the forefront of gains, and in the fourth rank in the sample and the first among the seven markets in the Gulf region, followed by the Bahrain market which ranked the seventh in the sample and the second in the region, then the Dubai and Abu Dhabi markets and the Saudi market in the winning positions within the sample, i.e. the 10th, 11th and the 12th positions respectively. With only two losing markets in the sample since the beginning of the year, both from the Gulf region, Qatar and Oman, it is clear that the performance of the region’s markets compared to mature and emerging markets was the weakest in the past part of the year.